GLENWOOD SPRINGS, Colo. (AP) - As a result of an error in natural gas company Encana’s own reporting, Garfield County, along with Colorado Mountain College and several school, fire and special taxing districts, will have to return $5.7 million in overpaid property taxes to the oil and gas producer.
The Glenwood Springs Post Independent reports a settlement reached last week by the Board of County Commissioners says the county will have to refund $1.9 million, while local districts, including the Garfield Re-2 and Garfield 16 school districts, CMC and others owe a combined $3.8 million.
The entities also must refund approximately $858,000 in interest, calculated at 1 percent per month, due to Encana. Commissioner Tom Jankovsky agrees the county should cover that amount from its special Oil and Gas Mitigation Fund.
People were interested in these podcasts
The agreement ends a legal process that began in January 2017.
___
Information from: Post Independent, http://www.postindependent.com/
Please read our comment policy before commenting.